mental health crisis

New Mental Health Crisis Dialing Code Launched July 16

The 988 Suicide and Crisis Lifeline (Lifeline) launched nationwide on July 16. Similar to dialing 911 for medical emergencies, people in emotional distress or suicidal crisis can call or text 988 and be connected immediately to trained counselors who will listen, provide support and connect them to resources if necessary. The three-digit dialing code is…

Read More →

5 Mental Health Employee Benefits Trends for 2022

Mental health has been a hot topic recently, thanks to the COVID-19 pandemic. Over the past two years, so many people have experienced issues such as burnout, depression, anxiety, and substance addiction. In fact, 40% of U.S. adults said they have struggled with mental health or substance abuse during the pandemic, according to a Jellyvision…

Read More →

3 Voluntary Benefits Trends to Watch in 2022

Benefits have always been crucial for attracting and retaining top performers, and voluntary benefits are a great way for employers to round off their offerings. These extra perks allow for more personalization that can help satisfy the unique needs of each worker, especially in today’s multigenerational workforce. Although individual needs vary, some common themes—physical, mental…

Read More →

Three Strategies for Reducing Benefits Cost in 2022

Health care costs continue to rise each year, and 2022 will be no exception. In the new year, expertspredict a 6.5% increase in medical costs alone, according to PricewaterhouseCoopers. Employers arealso anticipating health plan premiums to rise more than 5% in 2022, a Willis Towers Watson surveyreports. With these increases in mind, employers will want…

Read More →

5 HR Technology Trends to Monitor in 2022

No matter a company’s size, its day-to-day needs can feel overwhelming for human resources (HR) leaders, especially when faced with new coronavirus-related responsibilities or evolving role duties. Amid the COVID-19 pandemic, many employers are leveraging tech to address today’s challenges. Fortunately, technology can assist HR professionals in addressing today’s challenges by enhancing the employee experience,…

Read More →

The Rise of ICHRAs

With the need for cash and talent, many employers have engaged in crafty measures to keep people and pay them more. ICHRA (Individual Coverage HRA) has been a rising topic for many clients looking to provide their employees with the best options while reducing risk within their organization. Since January 1, 2020, when ICHRAs first…

Read More →
Man working at table in office

Consultant Corner

John Turnbull, from Axion, joins us for Consultant Corner to discuss the large increase in premiums. He discusses the importance of risk mitigation and the COVID-19 Bill effects.  Key risk mitigation tactics when reviewing your organization’s health plans:

Read More →

MICHauto CEO Spotlight

Congratulations Axion CEO, Jim Lill, CLU, CHFC, for being featured in the MICHauto CEO Spotlight. Jim Lill is the chief executive officer of Axion. MICHauto spoke with Lill about his leadership style and how he keeps his team motivated when faced with adversity. What single person or leader has been instrumental in shaping your leadership style as CEO? My…

Read More →
Health Care Increase

The Impact of 2021 and 2022’s High-Dollar Healthcare Increases

Jake Doman, Consulting Director at Axion Risk Management Strategies, provides insight on the impact of 2021 and 2022’s high-dollar healthcare increases. The healthcare trend in certain areas of the country is reaching 15-year highs. Care deferred during the pandemic returns – Healthcare spending by employers in 2020 was lower than expected because of the deferral of care as…

Read More →